Australian National Accounts: National Income, Expenditure and Product
- The Australian economy rose 0.2% in seasonally adjusted chain volume measures
- In nominal terms, GDP rose 1.2%
- The terms of trade fell 2.6%
- Household saving to income ratio decreased to 1.1% from 2.8%
Australian National Accounts: Tourism Satellite Account
- Tourism gross domestic product (GDP) rose 60.1% to $57.1b in chain volume terms in 2022-23 but remains below the 2018-19 peak of $63.4b.
- Tourism's contribution to economy GDP rose to 2.5% in 2022-23 but remains below the 2018-19 level of 3.1%.
- Domestic tourism consumption rose by $34.9b to $124.9b in 2022-23 while international tourism rose by $17.7b to $23.6b in chain volume terms.
- Tourism filled jobs rose to 626,400 in 2022-23 but remains below the 2018-19 peak of 700,900 filled jobs.
Australian National Accounts: State Accounts
Gross State Product (GSP) rose in all states and territories except the Northern Territory in 2022-23
The Australian Capital Territory experienced the strongest growth of all states and territories at 4.3%, followed by South Australia (+3.8%) and New South Wales (+3.7%).
Australian Transport Economic Account: An Experimental Transport Satellite Account
- Total transport activity contributed 7.9% ($164.4b) to GDP in 2020-21.
- Total transport activity was the second largest industry contributor to the Australian economy behind mining in 2020-21.
- There were around 1.2 million employed persons in the total transport industry (including warehousing) in 2020-21.
Australian System of National Accounts
- The Australian economy grew 3.0% in chain volume terms in 2022-23
- Labour productivity fell 3.7%
- The household saving ratio decreased to 4.3% from 12.6%
- National net worth rose $1.3 trillion to $19.0 trillion
Australian National Accounts: Finance and Wealth
- Household wealth increased $378.5b (2.6%) to $15,099.8b.
- Demand for credit was $38.1b, the weakest since June 2005.
- Australia's net lending position rose $7.7b to $16.9b this quarter.
- Capital investment as a proportion of GDP rose to 23.9%.
Tourism Satellite Accounts: quarterly tourism labour statistics, Australia, experimental estimates
In June quarter 2023, there were 713,000 tourism jobs. This was:
- 20,100 (-2.7%) less jobs than March quarter 2023
- 125,300 (21.3%) more jobs than June quarter 2022
- 44,500 (-5.9%) less jobs than December quarter 2019, prior to COVID-19 pandemic
- 1 in 22 (4.6%) filled jobs in the economy
Australian Defence Industry Account, experimental estimates
- Gross value added (GVA) from Defence expenditure contributed $10.6b to the Australian economy, up 20.3% from the previous year
- Defence industry GVA contributed 0.49% to total economy GVA
- An estimated 61,600 employed persons were associated with Defence expenditure, a growth of 17.1% from the previous year